Balance Sheet

As of December 31, 2022 · Comparative to prior year · Tied to statement ending balances

$186,420Total assets

$44,000Total liabilities

$142,420Total equity

$0.00Out of balance

Assets

Cash balances tied to December statement ending balances

AccountDec 31, 2022Dec 31, 2021Change

Cash — Business Checking ···4821

$41,320$18,240+$23,080

Cash — Business Savings ···3067

$22,860$12,050+$10,810

Accounts receivable

$28,400$21,300+$7,100

Equipment, net of depreciation

$93,840$74,900+$18,940

Total assets

$186,420$126,490+$59,930

Card balance reconciled to Meridian Credit statement

AccountDec 31, 2022Dec 31, 2021Change

Business Card ···9944

$8,140$6,900+$1,240

Accrued payroll & taxes

$11,260$9,470+$1,790

Equipment loan

$24,600$32,320−$7,720

Total liabilities

$44,000$48,690−$4,690

Owner money kept separate from operating results

AccountDec 31, 2022Dec 31, 2021Change

Owner contributions

$18,000$0+$18,000

Retained earnings, beginning

$77,800$77,800—

Owner distributions

($48,000)$0−$48,000

Net income — 2022

$94,620——

Total equity

$142,420$77,800+$64,620

AccountDec 31, 2022Dec 31, 2021Change

Total liabilities & equity

$186,420$126,490+$59,930

✓ Total assets equal liabilities plus equity — the sheet balances to the dollar against reconciled accounts.

✓ Owner activity stated separately: $18,000 contributed, $48,000 distributed during 2022.